Eastland Insurance celebrates 40th anniv

Eastland Insurance PLC., a leading first-generation non-life insurance company of the sector, celebrated its historic 40th anniversary with a grand gala evening at a city hotel in the city Dhaka on Friday.

The milestone event commemorated four decades of unwavering trust, financial stability, and dedicated service to the nation’s trade, commerce, and industrial landscape since its inception in 1986.

The celebratory evening commenced with a traditional cake-cutting ceremony to mark the 40-year milestone, led by the distinguished Chief Guest, Special Guests and others.

The event was attended by an array of influential policymakers, state dignitaries and business leaders. Among the guests were Abdul Awal Mintoo MP, Minister for Environment, Forest and Climate Change, Sayeed Ahmed MP, Chairman of the Parliamentary Standing Committee on Ministry of Public Administration and other guests and well wishers.

The event also drew an elite gathering of the country’s most renowned industrialists, bankers, top corporate executives, Bangladesh Insurance Association (BIA) and other clients.

In his welcome address, Eastland Insurance Chairman Mahbubur Rahman paid tribute to the founding members and deceased colleagues who helped establish the company.

He said the insurance industry’s contribution to Bangladesh’s gross domestic product was 0.35 per cent, compared with an average of 2.5 per cent in comparable emerging markets.

Rahman said Bangladesh was the only country where motor insurance was not compulsory and urged the government to revisit the proposed Road Transport Amendment Act, 2024, while taking immediate measures to improve road safety.